PYMNTS

JULY 24, 2020

Online lenders will need the green light from the central bank to roll out new offerings or hike lending rates if the legislation is put into law, Quartz Africa reported. Online lending has brought about a number of complications in Kenya, with digital loans reportedly leading rising personal debt for users in the country.

Lending 157

Lending National Mobile Online 157

Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . This competition can only increase as the lending landscape continues to shift.

Lending 195

Lending St. Louis Community Survey 195

PYMNTS

APRIL 8, 2020

And even as financial institutions began to smooth out the process, the initiative hit another snag Monday when reports emerged that the SBA’s computer systems had crashed. Marketplace lending company Funding Circle announced the debut of its pre-application service for small businesses interested in obtaining an SBA loan under the PPP.

Lending 245

Lending Fintech America Technology 245

PYMNTS

DECEMBER 20, 2020

government coronavirus relief package will contain $600 direct checks, $300 unemployment benefits per week and aid for small businesses, schools and vaccination plans, The Wall Street Journal (WSJ) reported. At long last we have the bipartisan breakthrough the country has needed,” McConnell said on the Senate floor, WSJ reported.

Lending 319

Lending US Course Report 319

PYMNTS

MARCH 15, 2019

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge.

National 139

National Community Bank Metro Lending 139

PYMNTS

JANUARY 17, 2021

With the facility, Figure will work on fueling mortgage lending growth, which shot up nearly 50 percent month over month in the fourth quarter. Morgan will help us continue to innovate in the lending space,” said Mike Cagney , CEO and co-founder of Figure, according to the release. “We This facility with J.P.

Lending 199

Lending blockchain National Payments 199

Gonzobanker

FEBRUARY 22, 2024

For bankers to be successful in the small business lending market, they need to execute on several key tenets: strategy, people, process and technology. Another key player for successful small business banks is the vice president of business lending, who manages the relationship managers and reports to the chief lending officer.

Lending 78

Lending Community Bank Community Strategy 78

Abrigo

NOVEMBER 1, 2019

Economy | 2 minute read Key Takeaways Overall, October's national employment report was positive. This morning’s national Employment Situation Report for the month of October was rather positive. The census will be a volatile and distorting factor in the jobs report throughout its duration. Talk to an expert.

Report 150

Report Comparison National Lending 150

PYMNTS

MARCH 30, 2020

1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp. Bank regulators have rolled back the Jan.

Report 166

Report US FDIC National 166

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14). ”

Lending 189

Lending Fintech National Taxes 189

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. In the U.K.,

National 165

National Fintech New York Exercises 165

PYMNTS

OCTOBER 29, 2018

policymakers, or Members of Parliament (MPs), are slamming financial institutions (FIs) for their treatment of small business (SMB) borrowers, and are calling on the government to overhaul business lending regulations as a result. Reports in Reuters late last week said the U.K.

Lending 162

Lending Regulation Report National 162

PYMNTS

JANUARY 24, 2021

British travelers age 55 and older buoyed by confidence in newly approved COVID-19 vaccinations are driving a powerful surge in trip bookings, the Financial Times reports. Bus operator National Express reported a 185 percent increase in bookings for spring and summer trips compared with bookings made during the same period in 2020.

Operations 260

Operations Groups Lending National 260

PYMNTS

JANUARY 5, 2020

India’s state-owned banks are going through changes that could mean an overhaul in business lending, The Economic Times (ET) reported on Friday (Jan. India’s biggest lender, the State Bank of India (SBI) , is now considering a move to a cash-flow-based lending model from the current asset-based model.

Lending 130

Lending Capital National Taxes 130

PYMNTS

APRIL 3, 2020

The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as the world’s second-largest economy is set for the slowest growth since the 1970s. This has been the PBOC’s way to fix the lack of credit as businesses struggle to stay afloat during the COVID-19 crisis.

Lending 136

Lending National Report Groups 136

American Banker

MARCH 7, 2024

Net income at the nation's more than 4,000 banks dipped markedly in the final quarter of 2023, though for the full year it exceeded pre-pandemic averages. Deterioration in commercial real estate and credit card lending is a concern, FDIC Chairman Martin Gruenberg says.

FDIC 69

FDIC Report Lending National 69

PYMNTS

JUNE 4, 2020

The Federal Reserve will launch the Main Street Lending Program, which is geared toward mid-sized businesses, this week. By contrast, the Paycheck Protection Program (PPP) loans were designed to help the smallest companies in the nation survive the pandemic, Marketplace reported.

Maine 130

Maine Lending Company California 130

PYMNTS

JULY 31, 2019

This week, JPMorgan Chase announced plans to take advantage of China’s new position on foreign competition, vowing to go “full force” in the nation. Reports in CNN Business said that premium reflects the challenges that foreign market entrants face despite China’s efforts to open the sector.

Lending 134

Lending Policies National Guidelines 134

PYMNTS

JUNE 4, 2020

The financial institution intends to grow its corporate lending division focusing on firms with yearly turnover from $25 million to $2.5 billion, Reuters reported, with new offices and staffers in multiple Western European nations by the conclusion of this year.

Lending 130

Lending New York City New Jersey National 130

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report.

Lending 129

Lending Analytics Data Security 129

CFPB Monitor

MAY 7, 2020

The CFPB’s annual fair lending report covering its 2019 activities is scheduled to be published in tomorrow’s Federal Register. The Bureau states that an area of innovation that it is monitoring for fair lending and credit access issues is “artificial intelligence (AI), and more specifically, machine learning (ML), a subset of AI.”

Lending 78

Lending Report FDIC Policies 78

PYMNTS

JANUARY 7, 2020

and beyond, with small business lending a particular focal point of these partnerships. Private lender SBM Bank, based in India, announced a partnership with PayNearby to launch Open Banking solutions for each others’ customers, reports in IndianWeb2 said this week. Banks Embrace FinTech For Business Lending.

Lending 141

Lending Fintech Fraud Data 141

Abrigo

APRIL 24, 2023

Construction loans grow, delinquencies flatten in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. WATCH Takeaway 1 An S&P Global Market Intelligence report shows delinquencies leveling off and loans growing in the construction sector. billion in the previous quarter and $2.80

Trends 195

Trends Lending Risk Management Arkansas 195

Abrigo

MAY 8, 2024

Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence. Abrigo Small Business Lending Intelligence powered by Charm provides loan rating risk scores, the probability of default, and how the score was calculated.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

MAY 17, 2018

The fallout from what Reuters reports described as “mega-fraud” at India’s Punjab National Bank (PNB) continues, with small- and medium-sized businesses (SMBs) still struggling to access financing as the financial institution (FI) tightens its grip against risks. The same timeframe last year saw SMB lending grow 5.8

National 108

National Fraud Lending Taxes 108

Abrigo

JUNE 13, 2019

And few credit unions are involved in lending programs backed by the U.S. This is the case, despite the fact that SBA lending has gained momentum among small businesses in the past five years. Many credit unions focus on consumer credit and, therefore, have less interest in business lending, Ashbaugh noted.

Lending 150

Lending Resources Survey Risk Management 150

CFPB Monitor

JULY 8, 2019

The CFPB’s annual fair lending report covering its 2018 activities was published in today’s Federal Register. In conjunction with the symposium, the Bureau released its third “Data Point” report focused on “credit invisibles.”

Lending 60

Lending Report Policies Compliance 60

CFPB Monitor

SEPTEMBER 30, 2021

The Military Lending Act, which applies to certain loans made to servicemembers already on active duty, prohibits the use of mandatory arbitration agreements in loans covered by the MLA. All parties to the dispute must give such written consent.

National 147

National Lending Report 147

CFPB Monitor

JANUARY 28, 2021

The CFPB has issued its Fall 2020 Semi-Annual Report to Congress covering the period April 1, 2020 through September 30, 2020. With Director Kraninger having submitted her resignation to President Biden last week, the report represents the CFPB’s fifth and final semi-annual report under Director Kraninger’s leadership.

Report 78

Report Leadership Lending Regulation 78

PYMNTS

SEPTEMBER 30, 2020

million, CoinDesk reported. million purportedly went to a relative of the individual, the report stated. He purportedly attracted investors with claims he managed $100 million and vows of high profits, according to the report. SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency.

Florida 151

Florida Lending blockchain National 151

Abrigo

NOVEMBER 21, 2014

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? Nationally, the picture is a fine one. However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion.

Lending 186

Lending South Carolina Miami Community Bank 186

PYMNTS

NOVEMBER 26, 2018

Small businesses (SMBs) in China are struggling to access bank loans with large, state-owned corporations, according to recent analysis from French trade credit insurer Coface , reported CNBC. Reports noted that Chinese authorities have acknowledged the issue in previous statements.

Lending 129

Lending Analysis Resources Policies 129

CFPB Monitor

JULY 23, 2021

The Department of Defense (DoD) has issued a report to the House Committee on Armed Services regarding the impact of a Military Annual Percentage Rate (MAPR) cap lower than 30% on military readiness and servicemember retention. Credit cards, auto loans, and personal loans are widely available at risk-based rates under a 36 percent MAPR.

Report 78

Report Lending Cards National 78

PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

Taxes 122

Taxes Lending National New York 122

CFPB Monitor

JULY 27, 2020

The CFPB has issued its Spring 2020 Semi-Annual Report to Congress covering the period September 30, 2019 through March 31, 2020. During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred four ECOA matters to the DOJ.

Report 78

Report Lending Leadership National 78

PYMNTS

APRIL 9, 2019

Her rise to the position of SBA chief is not expected to disrupt the status quo, but she would step into the seat at a time of broader controversy at the SBA, surrounding its 7(a) small business lending program. According to reports, the SBA cited expectations of more bad loans as the reasoning behind the request. Last year, the U.S.

Lending 128

Lending Policies US Capital 128

PYMNTS

OCTOBER 6, 2017

Two Indian alternative lenders are partnering up to target the nation’s small- and medium-sized businesses (SMBs). Reports in The Economic Times on Thursday (Oct. SMBs can make multiple drawdowns, while the credit line gets replenished based on borrower repayments, the news reports explained.

Capital 139

Capital Lending National Marketing 139